diff --git a/configure.ac b/configure.ac
index 40e39ae53fd..5e0564f2fd6 100644
--- a/configure.ac
+++ b/configure.ac
@@ -17,7 +17,7 @@ dnl Basic autoconf initialization, generation of config.nice.
 dnl ----------------------------------------------------------------------------
 
 AC_PREREQ([2.68])
-AC_INIT([PHP],[7.4.31-dev],[https://bugs.php.net],[php],[https://www.php.net])
+AC_INIT([PHP],[7.4.31],[https://bugs.php.net],[php],[https://www.php.net])
 AC_CONFIG_SRCDIR([main/php_version.h])
 AC_CONFIG_AUX_DIR([build])
 AC_PRESERVE_HELP_ORDER
diff --git a/main/php_version.h b/main/php_version.h
index 2e19098460e..7ca15265642 100644
--- a/main/php_version.h
+++ b/main/php_version.h
@@ -3,6 +3,6 @@
 #define PHP_MAJOR_VERSION 7
 #define PHP_MINOR_VERSION 4
 #define PHP_RELEASE_VERSION 31
-#define PHP_EXTRA_VERSION "-dev"
-#define PHP_VERSION "7.4.31-dev"
+#define PHP_EXTRA_VERSION ""
+#define PHP_VERSION "7.4.31"
 #define PHP_VERSION_ID 70431